CFO Susan Panuccio sold 57.0K NWS shares at $27.33, reducing holdings 27.0% to 154.3K shares.
Susan Panuccio, Chief Financial Officer of News Corp, sold 57,016 shares for $1,558,361.31 on 2024-08-15 at $27.33 per share, reducing her holdings from 211,303 to 154,287 shares. The 27.0% reduction in her equity stake represents a meaningful portfolio adjustment. Across her cross-ticker insider trading history, her 2 prior sells averaged a 90-day return of +1.9%, with a 0.00% well-timed rate—indicating her prior sales were not positioned ahead of declines. At News Corp specifically, her 2 prior sales in August 2023 (both executed near the same date as this transaction) produced positive 90-day returns of +2.3% and +1.6%, neither anticipated a subsequent pullback. The company trades at a P/E of 50.80 with recent annual revenue growth of +2.1%, reflecting a relatively rich valuation despite modest organic growth.